OPEC’s oil production rose for a second consecutive month in September as revealed by a recent Reuters survey. Despite ongoing efforts by Saudi Arabia and other...
Nigeria’s crude oil refining capacity has taken a significant hit, reducing to a mere 6,000 barrels per day, according to the latest Annual Statistical Bulletin from...
Oil prices saw a notable uptick on Tuesday, driven by a weakening dollar and mounting concerns about the potential impact of Hurricane Idalia on energy supply...
Signs of tighter supplies and Chinese economic support buoy oil prices, while Western data adds to uncertainty
The Organisation of the Petroleum Exporting Countries (OPEC) has stated that Nigeria's economy, despite facing hurdles in the first half of the year, shows signs of...
The Organization of the Petroleum Exporting Countries (OPEC) revealed that an estimated $12.1 trillion in investments would be required to meet the escalating global demand for...
The global oil market is set to witness a surge in prices to $90 per barrel this year, buoyed by the ongoing production cuts by OPEC+...
The Organization of the Petroleum Exporting Countries (OPEC) has recently flagged downside risks to summer oil demand as a backdrop to output cuts announced this month...
In a surprising move, the OPEC+ announced a reduction in its combined oil production by more than 1 million barrels per day. This announcement came as...
The Organisation of Petroleum Exporting Countries (OPEC) recently released its Monthly Oil Market Report, confirming that Nigeria produced 1.3 million barrels per day (bpd) of crude...